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Student housing summit doubles attendance: High interest
Student housing summit doubles attendance: High interest
Attendance doubled at last week's Student Housing Summit Canada, hosted in Toronto by global data and advisory specialist BONARD, from the inaugural event in 2024. That reflects growing interest in the student accommodations sector in Canada and internationally.
Marie Pier, Hugo Germain new Germain Hotels co-presidents
Cousins Marie Pier and Hugo Germain have been appointed co-presidents of Germain Hotels, a Quebec-based company behind 19 hotels in Canada. They have each been with the company for approximately 20 years.
Debt levels double for developers, builders to record $85B
New Bank of Canada data show that Canada’s chartered banks doubled the debt they have extended to real estate developers and builders in the last year, raising outstanding loan commitments to an unprecedented $85-billion.
 | CRE Talks The case for accessibility in the built environmentErin O'HearnSenior Property Manager, Colliers Toronto |
Luc Poirier buys the Place Laval office towers for $72M
Real estate developer Luc Poirier made the largest acquisition of his career last week, and this time it wasn't land. The investor acquired the large office tower complex on Place Laval, owned by Cominar, for over $70 million.
Federal government slow to reduce its office space
A new report by Canada's auditor general says the federal government has been slow to reduce its office space. Despite plans to downsize its office footprint since 2019, there has been only a two per cent reduction.
 | CBRE Diagram by Cressey: A sales success story in a shifting marketIn a commercial real estate landscape marked by uncertainty and evolving demand, Diagram by Cressey Development Group has emerged as a standout success for the strata office market. Sponsored by: CBRE |
Pine hits $1B mortgage milestone; to offer search platform
Toronto-based digital mortgage lender Pine is moving closer to offering a complete homebuying experience, launching a home search platform and streamlined pre-approvals and mortgages. The firm has also just crossed a major mortgages-under-administration milestone, surpassing the $1-billion mark.
Montreal is opening up to more density
Towers are likely to multiply in several Montreal neighbourhoods, as the Plante administration opens its arms wide to projects that are taller and more dense than ever. Real estate developers welcome the policy shift.
REITs and institutions are cautiously returning to CRE
A new report from RE/MAX Canada looks at CRE activity in the first quarter of 2025 across 12 major Canadian markets and highlights that multifamily and industrial were the best performers followed by retail.
Westbank and Crombie REIT's Safeway redev. approved
Vancouver has approved a contentious redevelopment next to one of Western Canada’s busiest public transit hubs, giving the green light to a rezoning application that will transform the Safeway site at 1780 East Broadway.
Dollarama opens 22 net new stores in Q1
Dollarama Inc. (DOL-T) reported its financial results for the first quarter, saying it opened 22 net new stores in Q1 with sales and net earnings increasing. Sales increased by 8.2 per cent to $1.52B.
Hard Rock Hotel & Casino Ottawa to open on July 3
Hard Rock International will open the Hard Rock Hotel & Casino Ottawa on July 3, marking its first fully integrated resort in Canada. The hotel will feature 150 guest rooms, including 22 luxury suites and a 150,000-sq.-ft. entertainment area.
U.S. tariff limbo gives Canadian warehouses a boost
Although storing an imported good in a Canadian warehouse on its way to the U.S. doesn’t forever halt the tariffs, it does let the owner delay paying them until the goods are shipped stateside — useful when Trump’s rates keep shifting.
Montreal’s WSP Global to acquire U.K.’s Ricardo for $670M
Montreal-based WSP Global (WSP-T) said on Wednesday that it would acquire United Kingdom-based environmental and engineering consulting firm Ricardo for about $670 million (£363.1 million) including debt.
Brookfield’s slump after S&P snub creates buying opportunity
Brookfield Asset Management’s (BAM-T) goal of entering the S&P 500 Index while staying in the Canadian stocks benchmark has been delayed, setting up a “tactical buying opportunity,” according to analysts with Bank of Nova Scotia.
Investors line up for $850M in withdrawals as Starwood lifts cap slightly
Investors plan to pull millions from a prominent commercial real estate fund as it slowly loosens an industry-rocking retrieval cap implemented last year and sells off property to handle a pile of requests.
Judge refuses to block NYC broker-fee law starting today
A U.S. federal judge refused to block a New York City law that would require landlords — rather than their tenants — to pay fees for hiring listing brokers, clearing the way for the measure to take effect today.
Office conversions, demolitions outpace new construction
The amount of U.S. office space poised to disappear — either through demolition or conversion — will far exceed the amount of office space that will come online in 2025, according to a CBRE report.
HSBC eyes new Canary Wharf office as desk shortage mounts
HSBC Holdings Plc is in talks to lease several floors near its current headquarters in London’s Canary Wharf as the bank grapples with a looming shortfall of several thousand desks in the offices it’s moving into next year.
Industry Events
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Montréal Real Estate Forum
Jun 17 2025
to Jun 18 2025
Palais des congrès de Montréal
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CRE.Converge 2025
Sep 08 2025
to Sep 10 2025
Sheraton Centre Toronto
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Canadian Apartment Investment Conference
Sep 11 2025
Metro Toronto Convention Centre
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BOMEX Halifax 2025
Sep 15 2025
to Sep 17 2025
Halifax Convention Centre
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Ottawa Real Estate Forum
Oct 09 2025
Rogers Centre, Ottawa
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